Company Registration No. 4776184 (England and Wales)
Dave's Commercials Ltd
Unaudited accounts
for the year ended 31 May 2023
Dave's Commercials Ltd
Unaudited accounts
Contents
Dave's Commercials Ltd
Company Information
for the year ended 31 May 2023
Directors
D J Steer
C Humphreys
Company Number
4776184 (England and Wales)
Registered Office
1 The Glen
Worthing
West Sussex
BN13 2AD
England
Accountants
Darling & Co
1 The Glen
Worthing
West Sussex
BN13 2AD
Dave's Commercials Ltd
Accountants' report
Accountants' report to the board of directors of Dave's Commercials Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Dave's Commercials Ltd for the year ended
31 May 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Dave's Commercials Ltd, as a body, in accordance with the terms of our engagement letter dated 23 May 2003. Our work has been undertaken solely to prepare for your approval the accounts of Dave's Commercials Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dave's Commercials Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Dave's Commercials Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dave's Commercials Ltd. You consider that Dave's Commercials Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Dave's Commercials Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Darling & Co
1 The Glen
Worthing
West Sussex
BN13 2AD
31 July 2023
Dave's Commercials Ltd
Statement of financial position
as at 31 May 2023
Tangible assets
14,249
15,380
Cash at bank and in hand
10,195
29,295
Creditors: amounts falling due within one year
(60,644)
(65,706)
Net current assets
13,172
23,802
Total assets less current liabilities
27,421
39,182
Creditors: amounts falling due after more than one year
(21,666)
(32,387)
Called up share capital
100
100
Profit and loss account
5,655
6,695
Shareholders' funds
5,755
6,795
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2023 and were signed on its behalf by
D J Steer
Director
Company Registration No. 4776184
Dave's Commercials Ltd
Notes to the Accounts
for the year ended 31 May 2023
Dave's Commercials Ltd is a private company, limited by shares, registered in England and Wales, registration number 4776184. The registered office is 1 The Glen, Worthing, West Sussex, BN13 2AD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over ten years
Motor vehicles
25% reducing
Computer equipment
over ten years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
54,178
14,850
3,529
72,557
At 31 May 2023
54,178
17,300
3,529
75,007
At 1 June 2022
47,556
6,921
2,700
57,177
Charge for the year
802
2,596
183
3,581
At 31 May 2023
48,358
9,517
2,883
60,758
At 31 May 2023
5,820
7,783
646
14,249
At 31 May 2022
6,622
7,929
829
15,380
Dave's Commercials Ltd
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
33,594
49,151
Accrued income and prepayments
5,401
5,322
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
16,497
9,280
Trade creditors
14,676
19,856
Taxes and social security
17,802
24,512
Other creditors
11,669
10,169
Loans from directors
-
1,889
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 8 (2022: 8).